Russell Investments Group Ltd. Has $1.15 Million Holdings in Asbury Automotive Group Inc (ABG)

Russell Investments Group Ltd. raised its stake in shares of Asbury Automotive Group Inc (NYSE:ABG) by 103.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,352 shares of the company’s stock after acquiring an additional 10,352 shares during the period. Russell Investments Group Ltd. owned approximately 0.10% of Asbury Automotive Group worth $1,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ABG. Teachers Advisors LLC raised its stake in Asbury Automotive Group by 4.9% during the 4th quarter. Teachers Advisors LLC now owns 36,421 shares of the company’s stock valued at $2,247,000 after acquiring an additional 1,692 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Asbury Automotive Group during the 1st quarter valued at approximately $356,000. Canada Pension Plan Investment Board raised its stake in Asbury Automotive Group by 15,250.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 92,100 shares of the company’s stock valued at $5,535,000 after acquiring an additional 91,500 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Asbury Automotive Group by 3.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 26,916 shares of the company’s stock valued at $1,617,000 after acquiring an additional 974 shares during the last quarter. Finally, LSV Asset Management raised its stake in Asbury Automotive Group by 61.7% during the 1st quarter. LSV Asset Management now owns 104,000 shares of the company’s stock valued at $6,250,000 after acquiring an additional 39,700 shares during the last quarter. 99.89% of the stock is owned by hedge funds and other institutional investors.

Shares of Asbury Automotive Group Inc (NYSE:ABG) traded up 1.05% during trading on Tuesday, hitting $57.55. The stock had a trading volume of 45,911 shares. The firm has a market cap of $1.20 billion, a P/E ratio of 7.49 and a beta of 1.42. The firm’s 50-day moving average is $52.92 and its 200-day moving average is $57.25. Asbury Automotive Group Inc has a one year low of $47.50 and a one year high of $71.00.

Asbury Automotive Group (NYSE:ABG) last released its earnings results on Tuesday, July 25th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($0.09). Asbury Automotive Group had a return on equity of 46.58% and a net margin of 2.53%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the firm earned $1.65 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts forecast that Asbury Automotive Group Inc will post $6.34 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Stock Observer and is owned by of Stock Observer. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://www.thestockobserver.com/2017/09/12/russell-investments-group-ltd-has-1-15-million-holdings-in-asbury-automotive-group-inc-abg.html.

Several analysts have commented on ABG shares. Zacks Investment Research downgraded Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Monday, July 3rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $60.00 price objective (down from $68.00) on shares of Asbury Automotive Group in a research note on Thursday, June 22nd. BidaskClub raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Craig Hallum reaffirmed a “hold” rating and set a $55.00 price objective (down from $65.00) on shares of Asbury Automotive Group in a research note on Wednesday, July 26th. Finally, ValuEngine downgraded Asbury Automotive Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Asbury Automotive Group has a consensus rating of “Hold” and an average target price of $57.80.

In other news, Director Msd Capital L. P sold 104,949 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $51.27, for a total transaction of $5,380,735.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William Frederick Stax sold 495 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $54.25, for a total value of $26,853.75. Following the transaction, the insider now directly owns 4,586 shares of the company’s stock, valued at $248,790.50. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

Want to see what other hedge funds are holding ABG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Asbury Automotive Group Inc (NYSE:ABG).

Institutional Ownership by Quarter for Asbury Automotive Group (NYSE:ABG)

Receive News & Ratings for Asbury Automotive Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asbury Automotive Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply